$25 Million Series D Round Examined

Author: John Honovich, Published on Mar 01, 2010

In March 2010, Pivot3 announced a $25 Million Series D Round (confirmed by Pivot3's press release and in its SEC filing). This follows a $25 million round in 2008 and brings their total amount raised to $75 Million. In an email, Pivot3 emphasized two important uses of the new funding:

Given the relative small market of video surveillance (relative to IT generally), we think these steps will be necessary to justify the large investment. While $75M or greater investment in the storage market may be commonplace, in video surveillance this is at the very high end (see our investments directory).

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